I have 1 lot (3000) of Ambuja cement bought @ 260.9
- Now if I sell the 275 call at 1.95 and it expires OTM will I get to keep the premium of 1.95 × 300 = 5850.
- And if the stock goes up to or above 275 (ATM/OTM) Can I sell the stock to make a profit. In that case what do I have to do with the option?
Is this a good strategy?